This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume the economy is experiencing an inflationary gap, classical economists believe that: a. ... (Read 90 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jun 30, 2018
Assume the economy is experiencing an inflationary gap, classical economists believe that:
 a. flexible wages will restore full employment.
 b. the federal government should decrease spending to shift the aggregate demand curve leftward.
  c. the Federal Reserve should lower the interest rate.
 d. the federal government should increase spending to shift the aggregate demand curve rightward.

Question 2

If the GDP chain price index in a given year is greater than 100, real GDP in that year would be greater than nominal GDP.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 30, 2018
Thank you


aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Pavlov’s Original Classical Conditioning Procedure Pavlov’s Original Classical Conditioning Procedure
North America and the Global Economy North America and the Global Economy
The Power of Classical Conditioning The Power of Classical Conditioning
The fiscal policy to counter an inflationary gap is a(n) The fiscal policy to counter an inflationary gap is a(n)
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library